It’s no secret that “President” Joe Biden hates American fossil fuel ventures.
He shut down the Keystone XL pipeline on the first day of his presidency, announced a federal moratorium on new federal oil and gas drilling leases in April, and shut down the Spire Pipeline carrying gas from Illinois to Missouri.
Predictably, gas prices rose, but the administration isn’t reconsidering the drastic consequences of its actions. Rather, it’s doubling down by looking into shutting down yet ANOTHER pipeline.
Line 5, which transports about 540,000 barrels of crude oil and other petroleum products from Canada to Michigan, could be on the chopping block as Biden’s minions “collect data” to see if shutting down the pipeline would impact the cost of gasoline.
While the Biden administration struggles to figure out the basic laws of supply and demand, warnings abound that limiting the supply of gasoline would drastically impact the cost of it throughout the nation.
This, in turn, would put a strain on the economy at a time when inflation is already running rampant and product shortages are becoming increasingly common.
Higher gasoline costs directly impact spending as consumers stay home rather than pay extra at the pump. While online stores directly benefit as consumers avoid brick-and-mortar outlets, the cost of goods sold at online venues rises as the cost of transporting orders to customers goes up and online sellers pass on the extra costs to consumers.
The cost of groceries and other essential supplies will automatically go up, directly affecting those who can least afford to pay more for food. Furthermore, rising fuel costs would worsen the current worker shortage as individuals with a limited budget would not be able to commute long distances to and from work.
At the same time, experts and Republican lawmakers alike are warning that shutting down Line 5 won’t just impact the cost of fuel. Spire is warning that the shuttering of its pipeline could bring about shortages that would result in a lack of fuel amidst sub-zero temperatures.
Jason Hayes, the director of environmental policy for the Mackinac Center for Public Policy, notes that oil and gas are needed to produce wind turbines and solar panels, two forms of clean energy that the administration is pushing as an alternative to fossil fuels.
Hayes also points out that, in a polar vortex, a lack of gasoline could result in people freezing to death in their homes as happened in Texas earlier this year.
Michigan Rep. Tim Walberg has reported that shuttering Line 5 would negatively impact Michigan farmers while others are warning that shuttering the pipeline would worsen relations with Canada, which has already had to invoke an old treaty to keep the pipeline running after Democrat-controlled Michigan tried to shut it down earlier this year.
The cost of fuel has risen exponentially since Brandon took office.
The cost per barrel was under $48 back then. As of November 8, 2021, it stands at over $82.
Yeah, quite the skyrocket.
Furthermore, the Bank of America is predicting that Brent Crude oil will hit $120 a barrel by June 2022. This represents a 45% rise in cost, on top of the 69% hike the nation has experienced from the beginning of the year up until now.
While Energy Secretary Jennifer Granholm has callously asserted that the cost of energy will rise this winter no matter what the administration does, it’s clear that shuttering Line 5 will lead to a rise in the cost of fuel, as well as cause a host of other problems the current administration is ill-equipped to deal with.
Progressives and environmental activists are urging the Biden administration to shutter the pipeline in order to keep his promise to reduce the nation’s dependence on fossil fuels, and the “president” does seem to be leaning in this direction.
On the other hand, saner heads may prevail as Biden realizes fuel shortages, blackouts and exorbitant gas prices in key swing states directly served by Line 5 could spell the difference between re-election and former President Donald J. Trump starting a second term in January 2025.
They’ll try to rig it again, sure, but it’ll be a lot tougher this time around.
The elections this month (especially in Virginia) proved that.
Make the smart decision here, Brandon.
Or face defeat.